Career(s): AI Engineer
Samantha has been in the tech industry since she graduated college. For the last 15 years, her salary has allowed her to live her dream life. She's traveled the world, checked off some of her biggest bucket list goals, lived in a downtown high rise, and has accumulated a sizable company stock position.
She knows the risk associated with being heavily invested in her employer and wants to learn about the different approaches to take. She's prioritized her career for years but has been in a relationship for 3 years and has recently began to think about marriage and a family.
She wants to get a plan in place that best utilizes her current assets to fund the next stage of life while planning for early retirement.
While she's built a large investment portfolio, a few essential pieces of a financial plan have slipped through the cracks. In our meetings, we discovered that she was underinsured in regards to disability insurance and has yet to do any tax planning.
As part of our planning process, we took the time to carefully evaluate each area of her financial life, aligned the different pieces with her life goals, and created a plan that prioritizes her life today while still planning for tomorrow.
The plan Samantha received helped her in various ways:
• It incorporated a cash flow strategy that gave each dollar a purpose
• It outlined a plan to sell some of her equity over the next 5 years to minimize taxes
• It showed her the risks and tradeoffs she would have to make so she could make work optional by 45
• It helped her understand what types of investment accounts are available to her and how they affect taxes
• It outlined insurance recommendations for proper coverages
Samantha now understands how all of her finances play together and knows that while life might completely change, the plan she has is adaptable and will allow her to pursue the things that matter most. She also has peace of mind knowing that she has professional guidance on her side to assist with any new challenges that life decides to throw her way.
(Note: These are derivative scenarios and do not involve any specific Collabria clients)